. THE SYDNEY MORNING HERALD
ASX closes in the red as global recession fears test investor confidence
The Australian sharemarket hit a two-week low after an uneven session on Wall Street, with the local energy sector feeling the heat.
. RTT NEWS
Asian markets mostly lower
Asian stock markets are trading mostly lower on Thursday, following the mixed cues from Wall Street overnight, as traders expressed concerns about the outlook for interest rates and a global recession
European markets flat as nervousness over the global economy dominates sentiment
European markets were flat on Thursday as investor nervousness continued over the state of the global economy and inflation.
Oil prices steady after hitting 2022 lows
Oil prices steadied in early Asian trade on Thursday after sinking to their lowest level this year as U.S. production and gasoline inventories ticked up at the same time concerns grew that economic slowdowns would weaken fuel demand
Gold inches lower as dollar ticks up
Gold prices eased on Thursday as the dollar recovered slightly, while market participants await further direction on U.S. rate hikes from the Federal Reserve meeting next week.
. THE FINANCIAL TIMES
Bond market points to Fed standing firm in battle against inflation
US yield curve is at its most inverted since 1981 in sign investors see recession on horizon
. THE WALL STREET JOURNAL
What’s Going On With the Housing Market?
Home buyers and sellers are trying to make sense of a downturn that’s full of contradictions: Demand has seized up but supply is still low; prices are sliding but not plummeting; and no one can agree on what comes next.